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Toumaz forms wireless spinout

Posted: 06 Jan 2012 ?? ?Print Version ?Bookmark and Share

Keywords:wireless spinout? wireless connectivity? multistandard connectivity chip?

Toumaz Ltd, a wireless communications technology firm, has announced that it is splitting the company into two distinct entities, one to focus on its established healthcare products and technologies and the other for its growing wireless IC business.

Imagination Technologies Group plc is one of the investors of Toumaz's newly formed wireless semiconductor subsidiary, Toumaz Microsystems. Toumaz said Imagination is investing around $7.8 million (5 million pounds) in the venture in the form of cash, hardware and software technologies and supportive engineering sources. In exchange, Imagination will own 25 percent of Toumaz Microsystems, with Toumaz owning the remaining 75 percent.

According to Toumaz, its board of directors created the spinout in order to strengthen the focus of the company's healthcare and semiconductor divisions. Toumaz U.K. will cover health technology and solutions, while Toumaz Microsystems will provide ICs for low power wireless communication, Toumaz said. Both companies will be subsidiaries of Toumaz Ltd.

Toumaz Microsystems will focus on the design, development and sale of semiconductor chips and solutions for the embedded wireless connectivity market addressing the opportunities in a wide range of internet connected devices, Toumaz said. These include home and enterprise automation, healthcare, smart power, security/monitoring systems, intelligent toys and other connectivity-centric cloud-enabled systems, the firm said.

Toumaz said it has already moved its silicon IC design team and related assets to the subsidiary. Toumaz's chip businesses and the group's ultra-low power radio IP and licenses of further IP will be transferred to Toumaz Microsystems, the company said. The subsidiary will focus on developing a new multistandard connectivity chip, an ultra-low power radio receiver and transmitter chip incorporating the new IEEE standard 802.15.6 and other relevant standards, the firm said. It will be one of the first chips to be based on this new standard and will specifically target Body Area Networks and a range of low-power domestic consumer wireless sensor applications.

The board of Toumaz Microsystems will consist of two members from Toumaz and one from Imagination, Toumaz said. Prof. Chris Toumazou, CEO of Toumaz, will become the chairman of Toumaz Microsystems, the firm said.

"Establishing Toumaz Microsystems is the next logical step for us, building a subsidiary for our radio IC chip development with investment and support from a strategic partner, Imagination," Toumazou said in a statement.

- Dylan McGrath
??EE Times





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